After bitcoin started a fresh decline from the USD 48,000 resistance zone and spiked below the USD 45,000 support zone, it managed to return above this level and is currently trading near USD 45,200 again.
The next major resistance is near the USD 46,000 level, above which the price could rise towards the USD 47,000 level.
On the downside, an immediate support is near the USD 44,200 level.
ETH even spiked below USD 3,250, but the bulls were active above the USD 3,200 level and the price neared USD 3,300 again.
On the upside, the price might face resistance near USD 3,320.
Many altcoins are down over 5%, including LUNA, AVAX, DOT, SHIB, MATIC, CRO, LTC, ATOM, LINK, UNI, and TRX.
To sum up, bitcoin price corrected lower sharply and even declined below USD 45,000 before recovering.